Tyche Wealth Partners LLC Makes New $528,000 Investment in Xcel Energy Inc. (NASDAQ:XEL)

Tyche Wealth Partners LLC purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 8,529 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors have also modified their holdings of XEL. Vanguard Group Inc. lifted its stake in Xcel Energy by 15.6% in the third quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock valued at $3,665,677,000 after buying an additional 8,644,054 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Xcel Energy by 16.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock valued at $1,059,821,000 after acquiring an additional 2,559,321 shares in the last quarter. Geode Capital Management LLC boosted its position in Xcel Energy by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 12,251,587 shares of the company’s stock worth $825,364,000 after acquiring an additional 162,592 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of Xcel Energy during the fourth quarter valued at $576,873,000. Finally, Victory Capital Management Inc. lifted its holdings in Xcel Energy by 8.4% in the third quarter. Victory Capital Management Inc. now owns 7,504,622 shares of the company’s stock worth $429,414,000 after purchasing an additional 583,318 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.9 %

Shares of Xcel Energy stock traded up $0.46 on Wednesday, hitting $52.99. 217,845 shares of the company traded hands, compared to its average volume of 5,423,389. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $71.32. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.41. The company has a market cap of $29.43 billion, a PE ratio of 16.36, a PEG ratio of 2.48 and a beta of 0.36. The company has a 50-day moving average price of $54.42 and a 200 day moving average price of $58.20.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be given a $0.548 dividend. This represents a $2.19 annualized dividend and a yield of 4.14%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, March 14th. Xcel Energy’s payout ratio is currently 68.22%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. Barclays raised Xcel Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $61.00 to $54.00 in a research report on Monday, March 11th. KeyCorp increased their price target on Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. cut their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Finally, Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Monday, March 11th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.08.

Xcel Energy Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.